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The week of May 23-27 was a good one for Wall Street, as SPX500 looks set to stop its seven-week losing. Nvidia’s record revenues and cautious guidance, Alibaba’s resilience and XPeng’s mixed results were some of the news that stood out
The pair is soft today and runs its third straight negative week, as fears over the Fed’s tightening path ebb in the aftermath of Wednesday’s minutes
The commodity is in a consolidation pattern this week, but finds support as US EIA stockpiles shrunk and the CEO of oil giant Aramco warned of low spare capacity
ETH/USD is on the back foot today and heads towards the eight straight negative week, as ECB’s Lagarde and other speakers have slammed cryptos, in the aftermath of their recent rout
The pair is running its second straight profitable week, but faces pushback ahead of key technical levels, after yesterday’s rather hawkish minutes by the Fed
Snap issued a profit warning on Tuesday, causing its stock to plunge and weighed on other tech stocks and the NAS100, amidst an unfavorable environment for the tech sector
NZD/USD jumped after the Reserve Bank of New Zealand hiked interest rates by 50 basis points, to 2%, the highest level since September 2016
During the week of May 16-20 Twitter remained in the spotlight, Wall Street languished as poor results from major retailers reignited fears of stagflation, China’s Xiaomi saw a revenue drop, while more news were in the spotlight
Japan’s core Consumer Price Index (CPI) jumped above the central bank’s 2% target in April as today’s data showed, with the pair trading with caution and heading towards another losing week
The common currency rises today, helped by somewhat hawkish minutes from the European Central Bank and the US Dollar’s demise
The US Index posted its worst day since the height of the pandemic yesterday, as major retailers saw their bottom lines getting crushed, causing risk aversion and renewed fears of stagflation
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